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On 1/11/13, Canadian Utilities & Telecom Income Fund (Toronto: UTE-UN) will trade ex-dividend, for its monthly dividend of $0.0713, payable on 1/31/13. As a percentage of UTE.UN's recent stock price of $11.90, this dividend works out to approximately 0.60%, so look for shares of Canadian Utilities & Telecom Income Fund to trade 0.60% lower — all else being equal — when UTE.UN shares open for trading on 1/11/13.

Below is a dividend history chart for UTE.UN, showing historical dividends prior to the most recent $0.0713 declared by Canadian Utilities & Telecom Income Fund:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from UTE.UN is likely to continue, and whether the current estimated yield of 7.19% on annualized basis is a reasonable expectation of annual yield going forward.